The FCA is embracing "science fiction" in its plans for the future of financial regulation, which could see it using AI to identify firms and individuals that are most likely to break rules before they have a chance to act.
Speaking at the Personal Investment Management & Financial Advice Association (PIMFA) summit on 31 October, acting director of strategy at the Financial Conduct Authority (FCA) Richard Monks explained...
Vitality at Work scheme
Reporting to Steve Hill
Appointed on 19 September
Plans to double size in five years
Unnamed company valuation reduced